We are an exciting, growth-oriented oil and gas company who has realized continued success due to our attractive asset base and industry-leading team.

Responsibility

We have a strong commitment to conducting our business and operations in a socially, environmentally and fiscally responsible manner

About Crew

We are a growth-oriented oil and natural gas producer, focused in the Montney resource play in northeast British Columbia.

Operations

Our activities are concentrated in the Montney resource play in northeast British Columbia, which offers light oil, liquids-rich natural gas and dry gas development.

Investors

We focus on per share growth in production, reserves and funds flow through the development of our large and attractive Montney asset base.

Terms of Use

CREW ENERGY INC. - Website Terms Of Use Agreement

This website terms of use agreement was last amended on September 8, 2014.

THE FOLLOWING DESCRIBES THE TERMS UNDER WHICH YOU MAY ACCESS AND USE CREW ENERGY'S WEBSITE LOCATED AT WWW.CREWENERGY.COM. BY ACCESSING OR USING ANY OF THE WEBSITE YOU ARE AGREEING TO BE BOUND BY THE TERMS OF THIS AGREEMENT. IF YOU DO NOT AGREE WITH THE TERMS SET OUT IN THIS AGREEMENT YOU MAY NOT ACCESS OR USE THE WEBSITE.

Amendments
Crew Energy Inc. and its affiliated companies (collectively, "Crew Energy") may amend this website terms of use agreement (the "Agreement") at any time by posting a new agreement in place of this one. The amended agreement shall automatically be effective when posted. Notice of the amendment will be posted on the main page of the Website for a period of thirty (30) days following such posting. Your continued use of the website located at www.crewenergy.com (the "Website") following the posting of the amended Agreement and the posting of such notice shall mean that you accept the terms of this Agreement as amended. The first paragraph of this Agreement indicates when this Agreement was last amended. Please check back regularly to review for changes.

Limited License and RestrictionsConditional on your agreement to this Agreement, Crew Energy grants to you a limited, non-exclusive, revocable, non-assignable and personal license to access, view and print (for your viewing only) the content on the Website (the "Content") for your own personal and non-commercial use. You may not otherwise access, view or print the Content and you may not modify, reproduce, download, publish, disseminate, transmit, sell, create derivative works, display, frame or in any way exploit any of the Content, except with the express written permission of Crew Energy.

Crew Energy may change, add to or delete from the Website, the Content or any related services at any time without notice. You agree to bear all risks, costs and damages that you may incur or suffer as a result of those changes. None of the Content constitutes business, financial, investment, tax, legal or other advice and you agree that you will not use or rely on any Content for any of the same.

Services
You agree that Crew Energy will not be liable for any delay or unavailability of any of the Website or related services, whether due to an act or omission of Crew Energy or an act or omission of any third party.

Links to Internet Resources
Links to other Internet resources which are provided at the Website are provided as a courtesy and you may only use them at your sole risk. The content, accuracy, opinions expressed, other information and any products or services obtained from or through any links are not investigated, verified, monitored or endorsed by Crew Energy. Crew Energy shall not be responsible for any content or the use of any products or services obtained from or through those links.

No partnership or other relationship should be implied merely from the fact that a link to a third party website is provided on the Website.

Investment Decisions
The information set out on this Website and the Content should not be used for the purpose of making investment decisions with respect to Crew Energy's securities or any other securities.

For official public securities documents and public companies information filed by Crew Energy, you are directed to documents on file with securities regulatory authorities, some of which may be accessed through the SEDAR website (www.sedar.com). Not all such documents and information are contained on this Website and the ones contained on this Website may not be current and you agree to not rely on the same.

Crew Energy is subject to the securities laws of various jurisdictions. Information disclosed or provided by us pursuant to the securities laws of those jurisdictions is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through, or on this Website.

If you are contemplating trading in Crew Energy's securities, you agree to only review the documents filed with securities regulatory authorities, including at www.sedar.com, and seek the advice of an authorised investment advisor.

No Solicitation
Material contained on or accessible through this Website or the Content is for information purposes only and is not intended to and does not constitute an offering or solicitation of securities in any jurisdiction.

Forward-Looking Statements
This website contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends", "forecasts" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this website contains forward-looking information and statements pertaining to the following: Crew's internal projections, expectations or beliefs relating to future events or future performance and includes information as to our future well inventory in our core areas, our exploration and development drilling and other exploitation plans going forward, and related production expectations, and costs and expenses, our plans for constructing and expanding the facilities, the volume of Crew's oil and gas reserves and the volume of Crew's gas resources in its projects, the recognition of additional reserves and the capital required to do so, the life of Crew's reserves, the volume and product mix of Crew's oil and gas production, future results from operations and operating metrics. These statements represent management's expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Crew Energy Inc. The projections, estimates and beliefs contained in such forward-looking statements are based on management's assumptions relating to the production performance of Crew's oil and gas assets, the cost and competition for services, the continuation of Crew's historical experience with expenses and production, changes in the capital expenditure budgets, future commodity prices, continuing access to capital and the continuation of the current regulatory and tax regime in Canada and necessarily involve known and unknown risks and uncertainties, such as changes in oil and gas prices, infrastructure constraints in relation to the development of its projects, risks associated with the degree of certainty in resource assessments and including the business risks discussed in Crew's annual and quarterly MD&A and other continuous disclosure documents, and related to management's assumptions, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information and statements.

The forward-looking information and statements included in this website are not guarantees of future performance and should not be unduly relied upon. Such information and statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to defer materially from those anticipated in such forward-looking information or statements. The forward-looking information and statements contained in this website speak only as of the date of their posting and Crew Energy Inc. does not assume any obligation to publicly update or revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Intellectual PropertyCrew Energy has certain protectable proprietary rights in its Website and the Content, including copyrights and trademarks. You may not modify, copy, publish, republish, transmit, sell, create derivative works, display, frame or in any way exploit any content contained on the Crew Energy Website other than as explicitly permitted as set out on the Website.

Warranty Disclaimer
THE WEBSITE, CONTENT AND ANY RELATED SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" AND IS USED BY YOU AT YOUR SOLE RISK. IN RESPECT OF SAME, CREW ENERGY MAKES NO EXPRESS OR IMPLIED WARRANTIES, CONDITIONS OR REPRESENTATIONS WHATSOEVER, AND SPECIFICALLY DISCLAIMS THE SAME INCLUDING WITHOUT LIMITATION, ANY WARRANTIES, REPRESENTATIONS OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, CORRECTNESS, CURRENCY, TIMELINESS OR COMPLETENESS AND ANY IMPLIED BY STATUTE. THE WEBSITE, CONTENT AND ANY RELATED SERVICES MAY CONTAIN BUGS, ERRORS, PROBLEMS, VIRUSES OR OTHER LIMITATIONS. CREW ENERGY ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY SUCH BUGS, ERRORS, PROBLEMS OR VIRUSES OR OTHER LIMITATIONS.

Limited Liability
IN NO EVENT SHALL CREW ENERGY BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE USE OR INABILITY TO USE THE WEBSITE OR ANY RELATED SERVICE OR ANY INFORMATION OR CONTENT CONTAINED ON THE WEBSITE OR MADE AVAILABLE TO YOU OR YOUR RELIANCE ON ANY SUCH INFORMATION OR CONTENT, WHETHER OR NOT CREW ENERGY WAS TOLD OF THE POSSIBILITY OF SUCH DAMAGES.

No Agency
The parties are independent entities and no agency, partnership, joint venture, employee-employer or franchiser-franchisee relationship is intended nor created by this Agreement and neither party shall state or imply anything to the contrary.

No Waiver
Crew Energy's failure to insist upon or enforce strict compliance with any provision of this Agreement shall not be construed as a waiver of any provision or right of the same or different type in the future.

Entire Agreement
The terms and conditions set out in this Agreement constitute the entire terms and conditions with respect to the use of the Website, Content and any related services and the relationship between the parties for the purposes of the same. No representative of Crew Energy is authorized to amend the terms of this Agreement other than as specifically provided for herein.

Termination
Notwithstanding the termination or expiration of this Agreement for any reason, the provisions of this Agreement relating to intellectual property, warranty disclaimer, limited liability and governing law shall survive such termination or expiration.

Governing Law
This Agreement, the relationship between you and Crew Energy and your use of the Website, the Content and any related services and the resolution of any dispute arising between the parties shall be governed and construed in accordance with the laws of the Province of Alberta and those of Canada applicable therein, without reference to their conflict of laws. You agree that any legal action or proceeding between you and Crew Energy which in any way concerns this Agreement or the use of the Website or Content shall be brought exclusively in the courts of Alberta. Notwithstanding the foregoing, either party may apply to any court of competent jurisdictions to obtain injunctive relief. Crew Energy is headquartered in Alberta, Canada.

Severability
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be severed from this Agreement and the remaining provisions shall remain in full force and effect.

Headings
Headings are for reference purposes only and shall not be used in the interpretation of this Agreement.

Quick Links

You can get the most recent corporate updates on Crew Energy by viewing our latest corporate presentation, financial reports and news releases.

Glossary

Abbreviations

an indication of the specific gravity of crude oil measured on the API gravity scale.

Bbl

barrel

bbl/d

barrels per day

Bcf

billion cubic feet

BOE or boe

barrel of oil equivalent on the basis of 6 Mcf/BOE for natural gas and 1 bbl/BOE for crude oil and natural gas liquids

BOPD

barrels of oil per day

CSA

Canadian Securities Administrators

DPIIP

Discovered Petroleum Initially In Place

Gj

Gigajoule

M$

thousands of dollars

m3

cubic metres

Mbbl

thousand barrels

Mboe

1,000 barrels of oil equivalent

Mcf

thousand cubic feet

Mcf/d

thousand cubic feet per day

Mmbbl

million barrels

Mmbtu

million British Thermal Units

Mmcf

million cubic feet

Mmcf/d

million cubic feet per day

NGLs or ngls

natural gas liquids

Tcf

trillion cubic feet

TCFE

trillion cubic feet equivalent

TPIIP

Total Petroleum Initially in Place

UPIIP

Undiscovered Petroleum Initially In Place

WTI

West Texas Intermediate, the reference price paid in U.S. dollars at Cushing, Oklahoma for crude oil of standard grade

Definitions

Contingent Resources

Contingent Resources are those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from known accumulations, but which are not currently considered to be commercially recoverable... Read more

Contingent Resources are those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from known accumulations, but which are not currently considered to be commercially recoverable. It is recognized that some ambiguity may exist between the definitions of contingent resources and unproved reserves. This is a reflection of variations in current industry practice. It is recommended that if the degree of commitment is not such that the accumulation is expected to be developed and placed on production within a reasonable timeframe, the estimated recoverable volumes for the accumulation be classified as contingent resources. Contingent Resources may include, for example, accumulations for which there is currently no viable market, or where commercial recovery is dependent on the development of new technology, or where evaluation of the accumulation is still at an early stage.

Discovered-Petroleum-Initially-In-Place (DPIIP)

Discovered Petroleum-Initially-In-Place (DPIIP) is that quantity of petroleum which is estimated, on a given date, to be contained in known accumulations, plus those quantities already produced therefrom. DPIIP may be... Read more

Discovered Petroleum-Initially-In-Place (DPIIP) is that quantity of petroleum which is estimated, on a given date, to be contained in known accumulations, plus those quantities already produced therefrom. DPIIP may be subdivided into Commercial and Sub-commercial categories, with the estimated potentially recoverable portion being classified as Reserves and Contingent Resources respectively, as defined elsewhere in this Glossary.

Gross or gross

Relating to production / reserves: Crew’s working interest (operating and non-operating) share before deduction of royalties and without including any royalty interestRelating to wells: the total number of wells in... Read more

Relating to production / reserves: Crew’s working interest (operating and non-operating) share before deduction of royalties and without including any royalty interestRelating to wells: the total number of wells in which Crew has an interestRelating to properties: the total area of properties in which the Corporation has an interest

Net or net

Relating to production / reserves: Crew’s working interest (operating and non-operating) share after deduction of royalty obligations, plus Crew’s royalty interests in production or reservesRelating to wells: the number... Read more

Relating to production / reserves: Crew’s working interest (operating and non-operating) share after deduction of royalty obligations, plus Crew’s royalty interests in production or reservesRelating to wells: the number of wells obtained by aggregating Crew’s working interest in each of its gross wellsRelating to properties: the total area in which Crew has an interest multiplied by the working interest owned by Crew

NI 51-101

National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities.

National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities.

Operating Netback

A measure of oil and gas sales net of royalties, production and transportation expenses. This is a non-GAAP measure used specifically in the oil and gas industry as a benchmark to compare performance between different... Read more

A measure of oil and gas sales net of royalties, production and transportation expenses. This is a non-GAAP measure used specifically in the oil and gas industry as a benchmark to compare performance between different areas of operations and different peer companies.

Prospective Resource

Prospective Resources are those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from undiscovered accumulations.

Prospective Resources are those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from undiscovered accumulations.

Total-Petroleum-Initially-In-Place (TPIIP)

Total Petroleum-initially-in-place (TPIIP) is that quantity of petroleum which is estimated to exist originally in naturally occurring accumulations. TPIIP is that quantity of petroleum which is estimated, on a given... Read more

Total Petroleum-initially-in-place (TPIIP) is that quantity of petroleum which is estimated to exist originally in naturally occurring accumulations. TPIIP is that quantity of petroleum which is estimated, on a given date, to be contained in known accumulations, plus quantities already produced therefrom, plus estimated quantities in accumulations yet to be discovered. TPIIP may be subdivided into Discovered Petroleum-initially-in place and Undiscovered Petroleum-initially-in-place, with Discovered Petroleum-initially-in-place being limited to known accumulations. It is recognized that all Petroleum-initially-in-place quantities may constitute potentially recoverable resources since the estimation of the proportion which may be recoverable can be subject to significant uncertainty and will change with variations in commercial circumstances, technological developments and data availability. A portion of those quantities classified as Unrecoverable may become recoverable resources in the future as commercial circumstances change, technological developments occur, or additional data are acquired.

Undiscovered Petroleum-Initially-In-Place (UPIIP)

Undiscovered Petroleum-initially-in-place (UPIIP) is that quantity of petroleum which is estimated, on a given date, to be contained in accumulations yet to be discovered. The estimated potentially recoverable portion... Read more

Undiscovered Petroleum-initially-in-place (UPIIP) is that quantity of petroleum which is estimated, on a given date, to be contained in accumulations yet to be discovered. The estimated potentially recoverable portion of UPIIP is classified as Prospective Resources, as defined elsewhere in this Glossary.